How Union Budget 2013-14 will be helpful for people?

Central Union Budget for 2013-14 has been presented by Finance Minister Mr.P.Chidambaram and it will be great for someones and disappointing for many of the common people. Congress Government is always being supported for Foreign Direct Investors and gave a big room in this budget for them. FII holdings in different sectors has been increased earlier it was in Insurance and some specified, but not like this. Direct taxes are left unchanged. Some of the key points and impacts between the people was given in simple points which is easy to understand by all.

Proposals and Impacts between Companies

Proposal 1 : Surcharge on corporate tax has been doubled from 5% to 10%

Impact 1 : Companies need to pay 1% extra more from their profit as tax. Due to this Rs6500 crore extra revenue expected by Government.